🦞 TLT Options Analysis

Snapshot: 2026-07-27 14:02:00 · Generated: 2026-07-29 21:34 · 975 calls, 905 puts, 28 expiries
$83.25
Underlying
-6.6%
52-Week Drawdown
9.4%
HV (21d)
15.2%
ATM IV
+5.9pp
IV − HV Spread

Butterfly Price & Risk-Neutral Density

Volatility Smile by Expiry

IV Term Structure

Volatility Surface

Volatility Cone

Skew Term Structure

Open Interest Profile

IV/HV Timeline

Vol Regime Forward Returns

HV History with Regime Shading

Rolling Volatility Percentile

Forward Return Distribution by Regime

Density Heatmap Over Time

ATM IV by Expiry

Expiry Days To Expiry Atm Iv Call Iv Put Iv
0 2026-07-27 -3 15.24 21.09 9.38
1 2026-07-29 -1 12.43 15.38 9.47
2 2026-07-31 1 12.31 14.84 9.77
3 2026-08-03 4 10.94 11.28 10.60
4 2026-08-05 6 10.50 10.50 10.50
5 2026-08-07 8 10.60 10.50 10.69
6 2026-08-14 15 10.04 9.89 10.18
7 2026-08-21 22 9.88 9.96 9.79
8 2026-08-28 29 10.12 10.50 9.74
9 2026-09-04 36 10.54 10.25 10.83
10 2026-09-18 50 10.31 10.18 10.44
11 2026-09-30 62 10.38 10.54 10.22
12 2026-10-16 78 10.63 10.47 10.78
13 2026-11-20 113 10.97 10.86 11.07
14 2026-12-18 141 11.24 10.81 11.68
15 2026-12-31 154 11.07 10.63 11.51
16 2027-01-15 169 11.06 10.77 11.35
17 2027-02-19 204 11.11 10.98 11.24
18 2027-03-19 232 11.20 11.06 11.35
19 2027-03-31 244 11.20 11.15 11.25
20 2027-04-16 260 11.23 11.16 11.30
21 2027-05-21 295 11.27 11.16 11.38
22 2027-06-17 322 11.24 11.16 11.32
23 2027-06-30 335 11.29 11.26 11.32
24 2027-07-16 351 11.26 11.16 11.37
25 2028-01-21 540 11.33 10.99 11.66
26 2028-06-16 687 11.42 11.61 11.23
27 2028-12-15 869 12.46 13.36 11.56

Skew Metrics

Atm Iv Put 90 Iv Put Skew 90 Call 110 Iv Call Skew 110 Risk Reversal
0 11.72 34.38 22.66 24.22 12.50 10.16

IV / HV Spread by Expiry

Expiry Days To Expiry Atm Iv Hv Spread
0 2026-07-27 -3 15.24 8.86 6.38
1 2026-07-29 -1 12.43 8.86 3.57
2 2026-07-31 1 12.31 8.86 3.45
3 2026-08-03 4 10.94 8.86 2.08
4 2026-08-05 6 10.50 8.86 1.64
5 2026-08-07 8 10.60 8.86 1.74
6 2026-08-14 15 10.04 8.86 1.18
7 2026-08-21 22 9.88 8.86 1.02
8 2026-08-28 29 10.12 8.86 1.27
9 2026-09-04 36 10.54 8.86 1.69
10 2026-09-18 50 10.31 8.86 1.45
11 2026-09-30 62 10.38 8.86 1.52
12 2026-10-16 78 10.63 8.86 1.77
13 2026-11-20 113 10.97 8.86 2.11
14 2026-12-18 141 11.24 8.86 2.39
15 2026-12-31 154 11.07 8.86 2.22
16 2027-01-15 169 11.06 8.86 2.21
17 2027-02-19 204 11.11 8.86 2.26
18 2027-03-19 232 11.20 8.86 2.35
19 2027-03-31 244 11.20 8.86 2.35
20 2027-04-16 260 11.23 8.86 2.38
21 2027-05-21 295 11.27 8.86 2.42
22 2027-06-17 322 11.24 8.86 2.38
23 2027-06-30 335 11.29 8.86 2.44
24 2027-07-16 351 11.26 8.86 2.41
25 2028-01-21 540 11.33 8.86 2.47
26 2028-06-16 687 11.42 8.86 2.57
27 2028-12-15 869 12.46 8.86 3.60